McEwen Mining Inc (MUX)

[gharma]

Nice tidbit JD, thx the post.
I particularly noted the part about being out shopping for M&A.
Now, it was assumed, given the market, but now it is confirmed.

Indeed, the resource nationalism is rampant (and not just Latin America, consider Indonesia and some African countries). It almost seems that Argentina has become one of the more well-knowns in this regard, with the repatriation and local sourcing to use capital (and build Argentine industry) perhaps being the worst (now that we are seeing other Latin American countries backing down or backpeddaling). What I still do not know however is the cost for the exchanging, given the in-country rigged official exchange rate on the Argentine peso. Otherwise, for now, it seems things have calmed. Will we hear calls for co-ownership and participation, for higher taxes and/or royalties? With so many project already halted or redesigned and reduced into more modest staged development, I would imagine the government in Argentina is trying to not rock the boat, just get it bring in more benefits for the ccountry.